Ponte Equities sells first condo from bulk 70 Vestry buy

Real estate firm Ponte Equities is cashing in on a piece of 70 Vestry Street.  The family-run firm sold unit 10W for $18.5 million to another owner in the building, in what one broker who has sold in the building called a “super off-market” deal.  The sale is the first at 70 Vestry for Ponte, which sold the site that became the luxury condo to Related in 2014 for $115 million. As part of the deal, Ponte was allowed to buy 15 of the 46 units that Related developed at the site for a steep discount. The two firms have […]This article originally appeared on The Real Deal. Click here to read the full story.